Personal Analysis - Like to practice Risk Management
Bitcoin is testing its support for now. I'm not sure it'll jump up over the week, we can visit 3000$ again, but currently I decided it was appropriate to put together our Dollar Cost Average strategy for buying $BTC and we believe that buying Bitcoin below 5000$ has a reasonable probability of becoming a profitable decision.
People are posting total market cap, declining with stock market or whales are selling all their bags, scam financial market... there is FUD in the waters.
However, most of that is people leaving the markets in case of a bear market. Logically, I think it's just manipulation. With that being said, the market should, right now, panic and bleed. With the bitcoin bags, we'll just buy up the altcoins panic and strengthen our positions (will updates just in cases). Historical says Bitcoin usually growing after the second quarter of every year, so the altcoin markets expecting to pump which will follow bitcoin afterwards. Bitcoin has survived many bear markets before. And it's always becoming stronger after each one. Only a matter of time before we have BTC reserve currency.
Please remember, this is highly speculative, and past performance is not a guarantee of future results. Bitcoin may never increase in value again, we just don't think that's likely.
Bitcoin is testing its support for now. I'm not sure it'll jump up over the week, we can visit 3000$ again, but currently I decided it was appropriate to put together our Dollar Cost Average strategy for buying $BTC and we believe that buying Bitcoin below 5000$ has a reasonable probability of becoming a profitable decision.
People are posting total market cap, declining with stock market or whales are selling all their bags, scam financial market... there is FUD in the waters.
However, most of that is people leaving the markets in case of a bear market. Logically, I think it's just manipulation. With that being said, the market should, right now, panic and bleed. With the bitcoin bags, we'll just buy up the altcoins panic and strengthen our positions (will updates just in cases). Historical says Bitcoin usually growing after the second quarter of every year, so the altcoin markets expecting to pump which will follow bitcoin afterwards. Bitcoin has survived many bear markets before. And it's always becoming stronger after each one. Only a matter of time before we have BTC reserve currency.
Please remember, this is highly speculative, and past performance is not a guarantee of future results. Bitcoin may never increase in value again, we just don't think that's likely.
